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HI SB1191
Bill
Status
1/25/2017
Primary Sponsor
Michelle Kidani
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AI Summary
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Extends the motion picture, digital media, and film production income tax credit sunset date from January 1, 2019 to January 1, 2029, providing a 10-year extension for economic incentive predictability in the film industry.
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Modifies the credit requirements to mandate that qualified productions contribute financial or in-kind support specifically to the University of Hawaii's system-wide creative media programs and projects, rather than general workforce development partnerships.
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Requires the University of Hawaii to submit annual reports to the legislature (20 days before each regular session) detailing: numbers of K-12 students in creative media programs, award-winning student projects, participating schools, graduates employed in film/media industries, and new jobs and project value created from the contributions.
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Maintains existing credit qualifications including minimum $200,000 in qualified production costs, state screen credit requirements, and evidence of local talent hiring efforts.
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Takes effect January 1, 2020.
Legislative Description
Relating To Film And Digital Media Industry Development.
Income Tax
Last Action
Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM.
2/17/2017